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Avance closes inaugural fund with more than $1bn in capital commitments

Avance Investment Management (Avance), a private equity firm that invests in founder-owned, middle market businesses in the Services, Technology and Consumer sectors, has held the final closing of its inaugural fund, Avance Investment Partners, and affiliated vehicles, with aggregate capital commitments of approximately $1.1 billion, significantly above the original target of $500 million. 

The fund received strong support from a diverse range of high-quality institutional investors, including pension plans, insurance companies, foundations and fund of funds, as well as industry executives and the general partner.
Founded in 2020, Avance utilises a disciplined approach to partnering with exceptional management teams to create long-term value. With offices in Miami and New York and 20 professionals across its platform, Avance leverages its team’s deep functional expertise and the firm’s proprietary STAGE™ framework to capitalise on business expansion opportunities and accelerate revenue growth for the companies it partners with.
To date, Avance has completed four platform investments: RIA Advisory, a revenue management solutions provider; Synergy Infrastructure Holdings, an equipment rental provider; UniVista Insurance, a provider of insurance services; and Indimade, an e-commerce provider of ingredients and supplies to commercial artisans and hobbyists.

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